GBP/USD – 4H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards

A descent down to the next support line at 1.34538 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.35989 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.35757 – 1.35989 – 1.35892 – 1.34538 – 1.34472 – 1.34746 —
1.36116 – 1.36035 —
68.514086720429 – 58.172936195007 —
– —
1.35757 – 1777291200

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – – – – – – – – –